Bison Water Midstream Gains Oklahoma Infrastructure with Lagoon, Overflow Energy Deal
(P&GJ) — Bison Water Midstream, Oklahoma's largest water infrastructure and logistics provider, announced on Dec. 5 it has acquired all of the Oklahoma assets owned by Lagoon Water Midstream as well as the water infrastructure owned by Overflow Energy in the STACK.
"We are excited to announce these transformational acquisitions which roughly double the size of Bison's existing footprint across the region,” North Whipple, CEO of Bison, said. “Over the last four years, Oklahoma's water midstream industry has experienced the full cycle of emergence, expansion, maturation and now consolidation. Together, our companies have demonstrated the overwhelmingly positive benefits of delivering safe, low-cost, reliable and emissions-reducing water solutions at scale.”
Following these acquisitions, Bison is the only remaining large-scale commercial water infrastructure provider serving the SCOOP, STACK and MERGE plays within Oklahoma's Anadarko Basin.
Bison's integrated water infrastructure platform is now comprised of a 750-mile water gathering system, 60 disposal facilities with permitted capacity of 1.2 million barrels of water per day, 5.7 million barrels of storage capacity, 100,000 barrels per day of recycling/reuse capacity, and over 20 long-term contracts covering 17 million dedicated AMI acres across the entire Basin.
The Lagoon and Overflow transactions are effective November 1, 2022, and December 1, 2022, respectively.
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